By Nicholas Winning
LONDON--Siemens AG (SI, SIE.XE) and Associated British Ports are
investing GBP310 million ($511 million) in wind turbine production
and installation facilities in the northeast of England that would
create up to 1,000 jobs, the Munich-based company said on
Tuesday.
Siemens will invest GBP160 million in the Green Port Hull
construction, assembly and service facility and a rotor-blade
manufacturing facility in nearby Paull, in East Riding, it said.
Associated British Ports will be investing an additional GBP150
million in the Green Port Hull development, Siemens said.
"We invest in markets with reliable conditions that can ensure
that factories can work to capacity," Michael Suess, a member of
the managing board of Siemens and CEO of the energy sector, said in
a statement. "The British energy policy creates a favorable
framework for the expansion of offshore wind energy."
Green Port Hull is planned to be operational in early 2016. The
start of production at the blade factory is scheduled for the
middle of 2016, with full production levels reached from mid-2017
onwards, Siemens said.
Write to Nicholas Winning at nick.winning@wsj.com
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